Thanks!
4 Hour Strategy (MACD)
- #29,043
- Aug 21, 2015 6:36am Aug 21, 2015 6:36am
Make or break for the NZDUSD???
NzdUsd looks interesting going into next week.
It made a new high as I suggested was traders expectations in my last post. How high it goes from here, or if it goes higher past the trend line at all, who knows.
There should be a chance to make some pips on this pair regardless of whether it goes up or down!
I have attached a picture of chart below to show what I am looking for - I look forward to any feedback
NzdUsd looks interesting going into next week.
It made a new high as I suggested was traders expectations in my last post. How high it goes from here, or if it goes higher past the trend line at all, who knows.
There should be a chance to make some pips on this pair regardless of whether it goes up or down!
I have attached a picture of chart below to show what I am looking for - I look forward to any feedback
- #29,046
- Aug 23, 2015 11:25pm Aug 23, 2015 11:25pm
NzdJpy
Broke out of consolidation zone, as long as this breakout holds we could se moves down to the .78-.75.50 area
I will try and hold onto this trade and add to it rather than take a short term profit
Broke out of consolidation zone, as long as this breakout holds we could se moves down to the .78-.75.50 area
I will try and hold onto this trade and add to it rather than take a short term profit
- #29,047
- Aug 23, 2015 11:41pm Aug 23, 2015 11:41pm
AudUsd
Made new low after messy period over the ma's.
New low suggests a further a move lower, I anticipate down to around .70500 level and will be looking to add to position from here if given a good opportunity.
Made new low after messy period over the ma's.
New low suggests a further a move lower, I anticipate down to around .70500 level and will be looking to add to position from here if given a good opportunity.
- #29,051
- Aug 24, 2015 2:04am Aug 24, 2015 2:04am
Hi nausting,
I pretty much completely agree with your analysis on the NzdUsd, the only thing that concerns me is the new low made on the daily time frame.
It just looks too early for me to get involved here, as it stands I am anticipating a break of the supporting trend line and a pullback before a move lower.
If it makes a new high in the 4h and takes out that top trend line, I will consider longs.
Hope this one plays out for you though
I pretty much completely agree with your analysis on the NzdUsd, the only thing that concerns me is the new low made on the daily time frame.
It just looks too early for me to get involved here, as it stands I am anticipating a break of the supporting trend line and a pullback before a move lower.
If it makes a new high in the 4h and takes out that top trend line, I will consider longs.
Hope this one plays out for you though
- #29,052
- Aug 24, 2015 2:14am Aug 24, 2015 2:14am
{quote} That is very sound analysis. You said nothing is certain in forex...it is a game or probability, in the sense that every good setup has is percentage probability of success. I am very used to that kind of setup you showed in this post...its success percentage is high...if you stick to such scenario and take trade according to that consistently, you will make money every month...that is how I view trading...if I make one or two losses with a setup that I know has got a high probability of success, that does not discourage me at all, and I...
If the GbpNzd plays out it looks like one to hold for a bit
Hi nausting, I pretty much completely agree with your analysis on the NzdUsd, the only thing that concerns me is the new low made on the daily time frame. It just looks too early for me to get involved here, as it stands I am anticipating a break of the supporting trend line and a pullback before a move lower. If it makes a new high in the 4h and takes out that top trend line, I will consider longs. Hope this one plays out for you though
Thanks for the additional armor. Knowledge is power!
Happy trading!
